2611 Wyoming Avenue
2611 Wyoming Avenue
$920,000
3
3
1,451
1,451
$634
Closed 8/3/22
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Description
2611 W Wyoming Ave is a low-maintenance triplex in prime Burbank for an unheard of price of $950,000! This property boasts a better price per SF, price per unit, GRM AND cap rate than its Burbank comps! 2611 W Wyoming is made up of three one bedroom, one bathroom units- one of which was fully renovated in 2021 and quickly attracted a stellar tenant. The current cap rate is 4.12% and there is huge upside potential. We project a very conservative pro forma cap rate of 5.04%! These units are located...2611 W Wyoming Ave is a low-maintenance triplex in prime Burbank for an unheard of price of $950,000! This property boasts a better price per SF, price per unit, GRM AND cap rate than its Burbank comps! 2611 W Wyoming is made up of three one bedroom, one bathroom units- one of which was fully renovated in 2021 and quickly attracted a stellar tenant. The current cap rate is 4.12% and there is huge upside potential. We project a very conservative pro forma cap rate of 5.04%! These units are located in an incredibly walkable location off Burbank Blvd and Buena Vista. Only minutes on foot to the Chandler Bike Path,
Magnolia Park, and an unlimited supply of cafes and restaurants such as The Ugly Mug, Café De Olla, Dino’s Pizza, and Coral Cafe. A few minute drive will take you to Costco, Downtown Burbank (and the Burbank Town Center), and the Empire Center, home of Target, TJ Maxx, Marshall’s, Walmart, and so much more. The property boasts other notable features including: one 2-car garage and one 1-car garage accessed from a convenient alley (possible ADU conversion), high, character wood-beamed ceilings that make the units appear extremely spacious, a newly coated roof as of 2020, a sewer line replaced in 2013, recently updated outside electrical, and most importantly, one fully renovated unit!
Magnolia Park, and an unlimited supply of cafes and restaurants such as The Ugly Mug, Café De Olla, Dino’s Pizza, and Coral Cafe. A few minute drive will take you to Costco, Downtown Burbank (and the Burbank Town Center), and the Empire Center, home of Target, TJ Maxx, Marshall’s, Walmart, and so much more. The property boasts other notable features including: one 2-car garage and one 1-car garage accessed from a convenient alley (possible ADU conversion), high, character wood-beamed ceilings that make the units appear extremely spacious, a newly coated roof as of 2020, a sewer line replaced in 2013, recently updated outside electrical, and most importantly, one fully renovated unit!
- Listed by Elizabeth Maddox • DRE #01921425 • Brokerage DRE #01921425 • The 2-4 Unit Specialists
- Listed by Ian Maddox • DRE #02030205 • Brokerage DRE #01921425 • The 2-4 Unit Specialists
Property Details for 2611 Wyoming Avenue
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Neighborhood
Parking Spaces Total3
Private PoolNo
Total Units3.0
Building TypeAttached
Lot Size SourceAssessor
Living Area1451
Assessor Parcel Number2438-002-004
Location
LISTING UPDATED: 08/03/2022 05:36 AM
Property Details for 2611 Wyoming Avenue
Status | Closed |
---|---|
MLS # | BB22102366 |
Days on Market | 53 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1955 |
Lot Size | 0.06 AC / 2,676 SF |
County | Los Angeles County |
Location
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Building Information for 2611 Wyoming Avenue
Stories1Residences-Year Built1955Building Size-Lot Size0.06 AC / 2,676 SF
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$5,021 per month
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Property Information for 2611 Wyoming Avenue
Property History for 2611 Wyoming Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 2611 Wyoming Avenue
This home is within Burbank Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 7 to 12 |
Rating | School | Distance |
---|---|---|
Bret Harte Elementary School PublicK to 5 | ||
Luther Burbank Middle School Public6 to 8 | ||
John Burroughs High School Public9 to 12 | ||
Burbank Unified Independent Learning Academy (Buila) Public7 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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